As coordinated worth pumping campaigns preserve spreading, the worth of XRP has doubled up to now two days, whereas different lately pumped cash have already crashed from their latest highs in double digits.
On Saturday, XRP was buying and selling at USD 0.282 earlier than the rally intensified and pushed the worth to USD 0.58 by Monday morning (05:04 UTC). A the time of writing, the worth is up by 41% in a day and 112% in every week. It jumped by 144% in a month and 143% in a yr.
Additionally, XRP is again because the third largest cryptoasset by market capitalization, after it crashed attributable to a regulatory crackdown in the US.
XRP worth chart:
The worth is rallying as coordinated pumping campaigns on platforms reminiscent of Reddit and Telegram are engaged on repeating the dogecoin (DOGE) rally.
For instance, a minimum of two Telegram teams (t.me/pumpxrp and t.me/pumpxrpofficial) with over 279,000 subscribers in complete at the moment are solely targeted on the XRP pump, whereas, on Reddit, r/SatoshiStreetBets (219,000 subscribers), are nonetheless attempting to push DOGE alongside XRP.
If history is a lesson, then XRP might repeat the path of recently pumped DOGE and tron (TRX). TRX acquired some consideration within the r/wallstreetbets subreddit, with 7.7m customers, accountable for the GameStop (GME) pump final month, after Tron’s Justin Sun pledged to spend USD 1m on GME shares.
Immediately, DOGE is down virtually 52% since its all-time excessive reached on January 29. Nevertheless, up to now 24 hours, it is up by 47% once more, buying and selling at USD 0.04.
DOGE worth chart:
In the meantime, TRX dropped 20% since its sharp spike this previous Friday, buying and selling at USD 0.0334. The worth is up by virtually 7% in a day.
TRX worth chart:
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